The operation of a substantial amount of tax law now hinges on the preparation of an entity's financial statements being prepared in accordance with generally accepted International accounting standards, but the standards continually transform. This presentation covers:

an overview of the proposed changes to the accounting standard on accounting for taxes, IAS12

practical implications of the key changes contained in the exposure draft

key issues raised in submissions on the exposure draft and the likely outcomes for corporates.

Author profile:

Ronen Vexler

Ronen is a Partner in PwC's Sydney corporate tax practice, with experience across a broad range of taxation issues including compliance, due diligence and structuring. He has assisted on a broad range of clients, both inbound and outbound and of various sizes. Ronen leads PwC Australia's Tax Accounting Services practice. He has been a Tax Accounting specialist for over 15 years and has been the lead tax partner of many statutory audits. Ronen has extensive expertise assisting large companies understand day to day tax accounting issues, as well as the tax accounting consequences of changing tax law, changing accounting standards, and merger and acquisition activity. He is a frequent presenter on tax accounting issues. Current at 25 February 2015

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